The Most Recent Financial Statements for Moose Tours,Inc $\$ 66,964$ A)$-10,246
B)-$8,122
C)-$6,708
D)$2,407
E)$3,309

question 48

Multiple Choice

The most recent financial statements for Moose Tours,Inc.follow.Sales for 2009 are projected to grow by 16 percent.Interest expense will remain constant; the tax rate and dividend payout rate will also remain constant.Costs,other expenses,current assets,and accounts payable increase spontaneously will sales.If the firm is operating at full capacity and no new debt or equity is issued,how much external financing is needed to support the 16 percent growth rate in sales? Income Statement


Addition to retained earnings $\$ 66,964$

• A)$-10,246
• B)-$8,122
• C)-$6,708
• D)$2,407
• E)$3,309

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